While India is catching China in motorbike sales, it lags far behind in cars, which use more petrol per journey.
The weather office forecasts monsoon rains to be above average this year after the droughts ravaged crops and worsened rural distress
Monsoon is critical for the country's 263 million farmers and their rice, cane, corn, cotton and soybean crops because nearly half of its farmland lacks irrigation.
India's fuel demand in September rose at the fastest pace in more than a decade.
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An industry source said the funding was part of an overall $500 million the company is planning to raise, which will value Ola at around $5 billion.
A guilty verdict could impact Google's growth in India
Vodafone India said on Friday it would launch fourth-generation (4G) mobile phone services in the country by the end of the year.
Lenovo Group Ltd said on Tuesday it was establishing a smartphone assembly unit in India.
The government has filed a lawsuit against Swiss food firm Nestle's Indian unit, seeking Rs 640 crore ($99 million) in damages on behalf of consumers after the country's worst packaged food scare in a decade.
Hindustan Unilever, the Indian subsidiary of the consumer goods company, has denied wrongdoing.
The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal
Nestle India said in a statement on Friday that its managing director for India, Etienne Benet, would move to the group's head office in Switzerland.
For years, India has been a low priority for Apple as spending power is weaker than in China
The US is the biggest market for the outsourcing industry.
Ola did not disclose financial details of the investment.
A source said the deal would see Alibaba invest around $600 million
Food safety has hit headlines in India after government food safety inspectors found excess lead in packets of Nestle's Maggi instant noodles.
Rivals like Cognizant Technology Solutions Corp and Infosys Ltd have also sharpened focus on the healthcare sector
Roy will also have to submit his passport to the court.
Foxconn has said it is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020
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